Schroder European Real Estate Investment Trust PLC - invests in ‘European growth cities’ - Launches share buyback to be run by broker Panmure Liberum Ltd. Doesn’t provide a target size for the buyback, but says it has about €25 million in cash currently, and this will rise to €28 million once the sale of a grocery property in Frankfurt completes in March. At that point, the REIT’s net loan-to-value ratio will be reduced to 21% from 25% currently. The company currently has shareholder permission to buy back up 20.0 million shares, which would be worth £12.9 million. It notes that its shares are trading at a discount to net asset value, so repurchasing them ‘presents an attractive opportunity for shareholders’.

Current stock price: 64.19 pence, up 2.9% in London on Friday for £86.1 million market capitalisation

12-month change: down 7.0%

Copyright 2025 Alliance News Ltd. All Rights Reserved.